Recruitment and selection - Essay Example

In this sense, HRM offers to organizational decision makers a set of people investment opportunities. The engineering firm will try to attract and retain top talents proposing them high compensation and benefits, excellent working conditions and personal growth opportunities. . Today, labor market is diverse in terms of supply and demand of top talents. The main consists of young and inexperienced managers and experienced professionals who work as leaders for 15 and more years. It is not as easy to project changes in an organizations demand for labor due to significant changes in jobs, technology, or organizational structure.

To the contrary, the job requirements changed and new, higher skill sets were required. The expected gains from de-skilling in terms of easier recruitment, lowered payroll expense, and quicker training did not materialize. The assessment of the supply of talent available to an organization as projected into the future is the companion piece of this second phase of human resources planning. Here, the current employee population of the organization is inventoried to determine how well the supply can meet the demand.

Together, demand and supply forecasting is sometimes referred to as manpower planning (Sakrlinski, 2001). In order to attract top talents the following recruiting methods will be used: web site advertisements (Careers section), advertisements in professional Magazines, and Online Ads and banners. These methods will help to limit a number of low-qualified managers and trract top talents. When done effectively, the staffing, recruitment, and selection process provides a flow of qualified individuals for filling open positions within the organization on a timely and efficient basis.

However, when done poorly, the staffing process can result in delays, excessive cost, poor matches between worker skills and job requirements, turnover, and legal challenges. Planning